Malaysia legislation

Section 187

of LABUAN FINANCIAL SERVICES AND SECURITIES ACT 2010

Section 187

(2)

A person who commits an offence against this Act for which no penalty is expressly provided shall be liable—

(a)

in the case of a body, incorporated or unincorporated, to a fine not exceeding three million ringgit; or

Labuan Financial Services and Securities 179

(b)

in the case of an individual, to a fine not exceeding one million ringgit, and in the case of a continuing offence, shall, in addition, be liable to a daily fine not exceeding five thousand ringgit for each day the offence continues to be committed.

Offences by body corporate

Section 187 — LABUAN FINANCIAL SERVICES AND SECURITIES ACT 2010